Department of Energy
"The energy transformation will last decades, not years, which is why we are confident that investment opportunities will continue to strengthen and lengthen our rate base growth,” CEO Calvin Butler said.
The Department of Energy will put $1.3 billion into becoming the anchor off-taker for three interstate transmission projects totaling 3.5 GW of new transmission capacity.
A Department of Energy draft report focuses on limiting speculative projects to increase system reliability and reduce cost uncertainty.
DOE's Crane and Shah said all grant and loan applications are evaluated and carefully vetted by federal career staff and agency engineers and experts.
DOE announced $3.46 billion in funding for grid resilience and improvement projects, including the MISO-SPP joint targeted interconnection queue portfolio.
A consortium has begun working to anticipate the charging infrastructure needed in the next 20 years for heavy-duty electric trucks across nine Northeast states.
The hydrogen hubs reflect an attempt to balance the conflicting political and energy industry interests that went into the bipartisan infrastructure bill.
Reaction to the Department of Energy’s hydrogen hub announcement was swift and, in some cases, passionate.
If selected, the H2Hubs will benefit from up to $7 billion in federal funding that recipients will match with more than $40 billion in additional funding.
U.S. Energy Secretary Jennifer Granholm said that while a lot of progress has been made, getting to a fully decarbonized economy is going to require new technologies.
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